The Daily Modern Market Snapshot: Fri 2 May

Majors: BTC 96k; ETH 1.8k; SOL 150

Headlines

- BTC touches $97k as Saylor doubles Strategy's capital plan with fresh $21B offering

- Cofounder of Movement Labs Rushi Manche suspended in light of 'ongoing events': investigation ongoing into governance and market maker incidents

- Boop new meme launchpad by whale Dingaling launched with claim which requires top yappers to launch their own coin: trading at $400M

Notable PA

- MOVE down 22% to $0.19 after cofounder Rushi Manche suspended

- AI coins up: AIXBT +13%; ALCH +18%; TURBO +18%, AVA +9%, ZERO +10%, REKT +17%

Notable Sales

- BEEPLE, Politics is Bullshit - 55 ETH

- Tyler Hobbes, Fidenza - 47.25 ETH

- Bored Ape, Trippy - 29.5 ETH

Web 3 Round Up

- Visa and Mastercard give AI agents access to credit cards

- Two Prime one of largest digital asset derivative firms in the world decided to stop dealing with ETH: BTC only focus

- The Blockchain Group, Europe’s first BTC treasury company, aims to acquire $24B worth of $BTC by 2033

- 21 Shares files for spot SUI ETF

- Plasma announces partnership with Uranium Digital to bring the difficult to trade commodity on chain

- Charles Schwab announces crypto trading will come to asset manager within 12 months

More News

- Freight Technologies has signed an agreement with an institutional investor to raise up to $20M through convertible notes to buy TRUMP

- Ethena announces partnership with TON, making it the only other dollar asset available on telegram wallet aside from USDT

- Stablecoin giant Tether reported a profit in excess of $1 billion in the first quarter of 2025

- Aptos announces $100k of monthly rewards for Kaito yappers

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